[Costs of Saudi Arabia's Neom green hydrogen mega-project soar by $3.5 billion] Budgets for the Neom green hydrogen mega-project, which will tap vast green energy capacity, have soared 70% to $8.5 billion, according to a financial update from co-developer Air Products. Inflation, spare parts, land upfront costs and interest on a $1 billion loan all contributed to the $3.5 billion budget increase the company is developing in the deserts of northwestern Saudi Arabia with partner ACWA Power, a Saudi renewable energy development Merchant and Neom. Editor/Xing Wentao

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• 2026.10.21 16:03
• [Cross regional green power generation in East China exceeds 30 billion kilowatt hours]
• As of October 12, 2026, the East China Branch of State Grid Corporation of China disclosed that the cumulative power consumption of cross regional green power trading in East China Grid exceeded 30 billion kilowatt hours. Relying on multiple cross regional DC channels, clean electricity from 17 provinces flows into East China, covering five provinces and cities including Shanghai, Jiangsu, Zhejiang, Anhui, and Fujian, forming a configuration pattern of multi-source supply and multi-point implementation. Editor/Cheng Liting

• 2026.10.21 16:02
• [The second phase of the "Qinghe No.1" project has started construction]
• On October 20, 2026, the second phase of the "Green Hydrogen No.1" China Energy Engineering Songyuan Hydrogen Industrial Park, with a total investment of 10.828 billion yuan, started construction in Songyuan, Jilin. The first phase will be put into operation in December 2025 and has achieved stable operation at full capacity. The world's first green ammonia ship to ship refueling will be completed in October 2026. After the completion of the second phase, the first and second phases will have an annual production capacity of 600000 tons of green ammonia.Editor/Cheng Liting